Lender Processing Services Bearish Moving Average Crossover Alert (LPS)
Written on Wed, 04/14/2010 – 14:36
By Chip Brian
Today, shares of Lender Processing Services (NYSE:LPS) have crossed bearishly below their 10-day moving average of $37.26 on volume of 417 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for Lender Processing Services on March 31, 2010 at $38.26. In approximately 2 weeks, Lender Processing Services has returned 3.4% as of today’s recent price of $36.97.
We will continue to monitor LPS’s share price relative to this moving average.
